White House Targets Russia With Even More Sanctions

The US government has imposed sanctions on Russia-backed Wagner Group, a private military company spearheaded by Yevgeniy Prigozhin, one of Russian President Vladimir Putin’s closest allies.

The Treasury Department is now referring to the group as a “transnational criminal organization” and imposed sanctions on eight individuals and 16 entities, many of which are connected to the mercenary group. “As sanctions and export controls on Russia from our international coalition continue to bite, the Kremlin is desperately searching for arms and support — including through the brutal Wagner Group — to continue its unjust war against Ukraine,” said Treasury Secretary Janet Yellen.

“Today’s expanded sanctions on Wagner, as well as new sanctions on their associates and other companies enabling the Russian military complex, will further impede Putin’s ability to arm and equip his war machine,” she added.

There are approximately 50,000 individuals with links to the Wagner Group currently stationed in Ukraine, of which 40,000 are criminals that were recruited from Russian prisons. The sanctions were imposed by the US government over the group’s alleged support for Moscow’s war effort in Ukraine, as well as supposed human rights abuses in Africa, such as mass executions, rape, and child abductions.

The sanctions imposed by the Treasury Department prevent the targeted individuals from gaining access to any of their US assets, whilst all US nationals are barred from conducting business with the sanctioned group without a special license. The Treasury Department’s sanctions also target two Chinese- and Russian-based firms focused on providing commercial satellite imagery to the Wagner Group, as well as a number of technology companies and airline firms with connections to the Russian military.


Information for this story was found via The Treasury Department and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Russell Will Lead the Next Market Crash!? | John Feneck

The Global Conflict Has Already Started | Bryan Cunningham

Silver Still At 90:1, What If It Snaps Back To 15:1? | Glenn Jessome – Silver Tiger

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Alexei Navalny’s Widow Calls For EU To Reject Russian Visa Ban

EU members have been considering stricter tourist visa rules following increased Russian applications over the...

Thursday, September 11, 2025, 12:04:00 PM

Binance Refuses to Block Russian Access to Crypto

Binance, the world’s largest crypto exchange, said it would only freeze the accounts of sanctioned...

Wednesday, March 2, 2022, 01:23:00 PM

Gazprom Warns Remaining European Gas Flows at Risk Over Legal Spat With Ukraine’s Naftogaz

Europe’s energy prospects heading into the winter months are getting bleaker by the minute. Not...

Tuesday, September 27, 2022, 03:34:26 PM

Seymour Hersh: Washington is Attempting to ‘Cover Up’ Involvement in Nord Stream Explosion

Pulitzer Prize-winning journalist Seymour Hersh alleges that Washington is deliberately covering up its role in...

Thursday, March 23, 2023, 02:45:00 PM

The US Sanctions Putin’s Daughters, Now What?

Details about Russian President Vladimir Putin’s personal life have always been very scant. It’s how...

Thursday, April 7, 2022, 05:37:00 PM